The UAE is set to invest an additional $25 billion in India, strengthening energy cooperation between the nations. India and the UAE are exploring strategic petroleum reserves and subsea pipelines for gas transportation and storage. Bilateral trade between the countries has doubled to $100 billion, with a target of $200 billion by 2032. Local currency settlement in trade is on the rise, currently…
The Japanese Yen (JPY) trades higher against its major currency peers in the European trade on Monday, with the EUR/JPY pair declining 0.4% to near 178.40.
The GBP/JPY cross attracts fresh sellers following an intraday uptick to the 209.00 neighborhood and drops to a two-week low during the first half of the European session on Monday.
Dangote Group plans to spend about $50 billion in capital expenditure (capex) between 2026 and 2030, doubling the $25 billion it invested during the previous five-year period.
